Business Overview:
Mature Plastic & Paper Wholesale Distributor located in North Jersey with strong customer base. This is a great investment opportunity for someone looking to acquire a Plastic & Paper Wholesale Distributor as this company does not advertise, own a web site or have a sales force. They rely purely on word of mouth and their strong reputation. The revenue in 2009 ended up being at $765,000.
This Wholesale Distributor has an enormous amount of growth potential due to their local target markets, lack of sales force and the advantage they own over their competitors. Their real estate which is in a prime area is also packaged in with the sale and was appraised for $525,000 in March, 2008. However, the owners are asking $465,000 for the real estate and $115,000 for the business.. The building consists of two apartments where renters pay a fee per month.
This company consistently provides a reasonable cost for high quality paper and plastic products. They locally serve: Restaurants, Deli's, Liquor Stores, Pizzeria's, Schools, Libraries and other establishments throughout North Jersey & New York City.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
Building of business which includes two apartments where renters pay a fee per month is included in the sale. All equipment, vehicle(s) and inventory will be included in with the sale. Building was appraised for $525,000 in March 2008 but the owners are asking $465,000. Equipment, vehicle and inventory at closing is included with the sale.
Market Competition and Expansion:
There is potential for growth, a strong reputation has allowed the business to weather the current economic crisis and like the rest of the economy with proper leadership and initiative is poised to take advantage of the coming recovery. There has been very little marketing in the years following the founders passing. A modest marketing program has historically reaped significant benefits in the past.
Reason for Selling:
Owner died 4 years ago-heirs want to move on.
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.